News

The Securities Journal with the report The Bank has not conducted OMOs for the past 12 business days, which in effect (accounting for maturing reverse repos) has drained funds from the money market. Copyright 2015 Forexlive.com

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The Chinese press have been carrying reports on BTC mining and moves from the People’s Bank of China to ban it – Reports of a closed-door meeting at the PBOC last week The moves are being couched as concern over the carbon footprint involve d in mining – i.e. huge electricity demands Copyright 2015 Forexlive.com

After the mid rate setting yesterday there was a bit of PBOC yuan news, most notably: The implication of this from the Bank is its expressing lesser concern on a weaker CNY. The response from the AUD on the news was swift (sry!), it dropped from around 0.7860 to lows around 0.7820 (and then a…

Comments from US trade session via HSBC on yesterday’s Bank of Japan action (bolding mine) I am not in disagreement with that assessment at all. On the “not really a signal of a pivot to the exit”. Yeah. More, this via BNP Paribas Tokyo (Hiroshi Shiraishi, a senior economist there) commentary: Copyright 2015 Forexlive.com

Breaks 100 hour MA too but can the momentum be maintained? The USDCAD has moved higher in trading today. The rally (lower CAD) runs counter to the price of oil which is up 1.77% today. It tends to support the CAD and in contrast to the employment fundamentals. The BOC is meeting next week and…

Trend line working on the 7th point of the day Earlier I spoke to the EURJPY and remarked about the trend line and 100 bar MA on the 5-minute chart that has been able to keep the “trend” going. Copyright 2015 Forexlive.com

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Bias is tilted to the downside on Bitcoin and Ripple, but there is consolidation going on That fall yesterday, saw the price move below both the 100 and 200 hour MAs (blue and green lines in the chart below) and a trend line connecting lows going back to the end of December on the hourly…

Breaks above MA cluster and races higher today The USDCHF consolidated over the last 4 days with the 100 day MA (at 0.9790 today) stalling the upside, and a floor at 0.97347 acting as support. Today, the pair moved above the 100 day MA and that triggered buying. Copyright 2015 Forexlive.com

China government says: Report that China is considering reducing or stopping purchases of US treasuries could be based on wrong information via Reuters quoting a China government source Copyright 2015 Forexlive.com

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